Dow, S&P 500 Post Best Monthly Gains in a Year

Blue-chip earnings and an improvement in consumer sentiment helped stocks shrug off disappointing economic growth to end mixed Friday -- but the market still enjoyed its biggest monthly gain in a year.

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Market Update:
  • Stocks end July with big gain; Dow gains 7.1 pct
  • Chevy Volt plug-in electric car

    Have your calculator and utility bill handy if you're keen on buying a Chevy Volt (or Nissan LEAF) and want to compare fuel costs with gasoline cars. The EPA is still grappling with how to provide consumers with ratings comparable to the familiar MPG labels.

    The Washington Post Co. probably isn't going to get much more than a token $1 when it sells Newsweek. But it's being awfully choosy about where that dollar comes from.

    Complaints about gold coin investment schemes are rising.

    Gold bugs like to think gold covers all bases, whether inflation or deflation rules. But major vendors like Goldline are coming under scrutiny for steering investors into coins with markups of 35% -- or worse, customers say.

    Consumer sentiment

    Even with the slight rise, there's little to celebrate because the reading remained at a near-six-month low. Still, like the second quarter's slender 2.4% growth rate, July's sentiment measure could have been worse.

    U.S. Economy Grew Just 2.4% in Second Quarter

    The U.S. economy downshifted in the second quarter to a tepid 2.4% growth rate. Offsetting that news was the first-quarter GDP growth, which was revised upward to 3.7% from the previously estimated 2.7%.

    Obama visits Detroit today to bolster his claims that the $86 billion spent to rescue GM and Chrysler from oblivion was well worth the jobs it has put people into, and the million or more the government says it has saved.

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    Market Movers

    SymbolLastChange / %Volume

    Most Actives

    C
    CITIGROUP INC
    4.10-0.02
    -0.49%
    269.97M
    SPY
    SPDR S&P 500 ETF
    110.27-0.02
    -0.02%
    220.07M
    BAC
    BANK OF AMERICA CORPORATION
    14.04+0.01
    +0.07%
    130.22M
    F
    FORD MTR CO DEL
    12.77-0.20
    -1.54%
    79.54M

    % Gainers

    AIQ
    ALLIANCE HEALTHCARE SRVCS IN
    4.20 +0.62
    +17.32%
    1.68M
    ALU
    ALCATEL-LUCENT
    2.98 +0.38
    +14.62%
    44.37M
    SHK
    BANK AMER CORP
    2.84 +0.36
    +14.52%
    300.00
    GKK-A
    GRAMERCY CAP CORP
    12.27 +1.27
    +11.55%
    15,700.00

    % Losers

    WFR
    MEMC ELECTR MATLS INC
    9.56-1.70
    -15.10%
    31.03M
    GNW
    GENWORTH FINL INC
    13.58-2.21
    -14.00%
    37.22M
    FSS
    FEDERAL SIGNAL CORP
    5.96-0.93
    -13.50%
    900,993.00
    ANW
    AEGEAN MARINE PETROLEUM NETW
    20.56-2.60
    -11.23%
    3.14M

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